Two sisters were shocked when a Toronto landlord raised their rent by $7,000 per month.

The landlord had told them he wanted to raise the rent to $3,500 and when they complained he decided to raise it to $9,500.

“We know that our building is not rent controlled and this was something we were always worried about happening and there is no way we can afford $9,500 per month," Yumna Farooq said.

  • Bleeping Lobster@lemmy.worldEnglish
    0·
    10 months ago

    Same thing is happening to me right now (UK). LL inherited a portfolio of mortgage-free properties a few years back, immediately jacked the rent up on them all. I tried to haggle what imo was an egregious rent increase (notified middle of the year after asking for a minor repair), we agreed on a price then he served me notice to quit; via the letting agent, not a peep or thanks from the LL after I’ve put ~£90000 into his familys’ accounts over 13 yrs.

    Of course, I can pay someone elses mortgage, but when I apply to a bank for one myself, I can’t afford it.

    • corsicanguppy@lemmy.ca
      0·
      10 months ago

      I can pay someone elses mortgage, but when I apply to a bank for one myself, I can’t afford it.

      But when you can’t afford it any longer, the landlord is free to replace you with someone who temporarily can. That’s the difference!